Month: May 2021

Can a Bank Error Get You Accused of Fraud?

By Lee Koch | May 20, 2021 | Comments Off on Can a Bank Error Get You Accused of Fraud?

Remember the old Monopoly card? “Bank error in your favor, collect $200?“ Bank errors do happen, and sometimes they result in unexpected deposits ending up in your account. Unfortunately, if you treat that money like a windfall and run out to start spending that money, you could end up in a lot of trouble. For…

In the News: Former Netflix VP Convicted of Fraud and Money Laundering

By Lee Koch | May 3, 2021 | Comments Off on In the News: Former Netflix VP Convicted of Fraud and Money Laundering

On Friday, April 30, former Netflix VP Michael Kail was found guilty on 28 counts of wire fraud, three counts of mail fraud, and seven counts of money laundering. He was convicted of receiving stock options, bribes, and kickbacks from tech companies in return for approving their contracts. A kickback is any illegal payment received…